Protestors hold photos of Portugal's Finance Minister Vitor Gaspar and Prime Minister Pedro Passos Coelho, right, outside the finance ministry in Lisbon Wednesday, Oct. 3 2012. A few dozen protestors blew horns and whistles while inside the building new austerity measures were announced by the minister in a news conference. Captions on the posters read "we're specialists in cheating the people" and "born to rob the people". Portugal is tightening its belt another notch, with the government announcing steep income tax hikes to reduce the bailed-out country's debt load despite mounting discontent over austerity measures. (AP Photo/Armando Franca)

In this Wednesday, Sept. 5, 2012 photo, Ed Burgy, vice president of sales and marketing for Fidanza, holds up a lightweight aluminum flywheel in Perry, Ohio. Burgy, a supporter of President Barack Obama, sees former Massachusetts Gov. Mitt Romney's plan to cut income tax rates across the board, including for the wealthiest households, as a return to trickle-down economics. "I'm 46 and I've never seen it trickle down to me," he says. "The people who own the companies - they don't trickle it down to the employees. ... Show me the proof and I'll listen to you." (AP Photo/Tony Dejak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets supporters after speaking at a rally Friday, Sept. 21, 2012, in Las Vegas. Romney campaigned in Nevada as aides released a 2011 federal income tax return showing he and his wife, Ann, paid $1.94 million in federal taxes last year on income of $13.7 million. (AP Photo/Julie Jacobson)

Republican presidential candidate and former Massachusetts Gov. Mitt Romney speaks to supporters during a rally Friday, Sept. 21, 2012, in Las Vegas. Romney campaigned in Nevada as aides released a 2011 federal income tax return showing he and his wife, Ann, paid $1.94 million in federal taxes last year on income of $13.7 million. (AP Photo/Julie Jacobson)

FILE - In this Feb. 15, 2012, file photo, House Speaker John Boehner of Ohio pauses while talking about an accord on the payroll tax cut negotiations during a news conference on Capitol Hill in Washington. Just about every U.S. taxpayer is facing a significant tax increase next year, unless Congress and the White House can agree on a plan to extend a huge collection of tax cuts that expires at the end of the year. If Congress can’t agree on a plan to extend the Bush-era tax cuts, income tax rates would go up for people at every income level. Estate taxes and investment taxes would increase and the alternative minimum tax would hit millions of middle-income people. A payroll tax cut that has saved workers an average of about $1,000 a year in 2011 and 2012 would expire. Dozens of business tax breaks would go away. (AP Photo/J. Scott Applewhite, File)

FILE - In this July 25, 2012, file photo, Senate Majority Leader Harry Reid, D-Nev., speaks to reporters just after Senate Democrats passed their version of a yearlong tax cut extension bill by a near party-line 51-48 vote, at the Capitol in Washington. At right is Sen. Charles Schumer, D-N.Y. Just about every U.S. taxpayer is facing a significant tax increase next year, unless Congress and the White House can agree on a plan to extend a huge collection of tax cuts that expires at the end of the year. If Congress can’t agree on a plan to extend the Bush-era tax cuts, income tax rates would go up for people at every income level. Estate taxes and investment taxes would increase and the alternative minimum tax would hit millions of middle-income people. A payroll tax cut that has saved workers an average of about $1,000 a year in 2011 and 2012 would expire. Dozens of business tax breaks would go away. (AP Photo/J. Scott Applewhite, File)

In this Aug. 3, 2012 photo, the Ugland House, the registered office for thousands of global companies, stands in George Town on Grand Cayman Island. The Cayman Islands have lost some of their allure by abruptly proposing what amounts to an income tax on expatriate workers who have helped build the territory into one of the most famous or, for some people, notorious offshore banking centers that have tax advantages for foreign investment operations. (AP Photo/David McFadden)

In this Aug. 3, 2012 photo, fishermen clean a fresh catch of fish along a beach in downtown George Town in the Cayman Islands. The Cayman Islands have lost some of their allure by abruptly proposing what amounts to an income tax on expatriate workers who have helped build the territory into one of the most famous or, for some people, notorious offshore banking centers that have tax advantages for foreign investment operations. (AP Photo/David McFadden)

In this Aug. 2, 2012 photo, local newspapers show stories about the controversial strategy to bail the government out of a financial hole, at a restaurant along Seven Mile Beach on the outskirts of George Town on the Cayman Islands. The Cayman Islands have lost some of their allure by abruptly proposing what amounts to an income tax on expatriate workers who have helped build the territory into one of the most famous or, for some people, notorious offshore banking centers that have tax advantages for foreign investment operations. (AP Photo/David McFadden)

In this Aug. 3, 2012 photo, tourists walk along the beach of Seven Mile Beach in Grand Cayman Island. The Cayman Islands have lost some of their allure by abruptly proposing what amounts to an income tax on expatriate workers who have helped build the territory into one of the most famous or, for some people, notorious offshore banking centers that have tax advantages for foreign investment operations. (AP Photo/David McFadden)

Reclusive singer Lauryn Hill, center, arrives at federal court Friday, June, 29, 2012, in Newark, N.J. The eight-time Grammy Award winner and South Orange, N.J., resident was charged this week with willfully failing to file income tax returns with the Internal Revenue Service. Federal prosecutors said she didn't pay taxes on more than $1.5 million earned in 2005, 2006 and 2007 from recording and film royalties. (AP Photo/Mel Evans)

Lauryn Hill arrives at federal court Friday, June, 29, 2012, in Newark, N.J. The eight-time Grammy Award winner and South Orange, N.J., resident was charged this week with willfully failing to file income tax returns with the Internal Revenue Service. Federal prosecutors said she didn't pay taxes on more than $1.5 million earned in 2005, 2006 and 2007 from recording and film royalties. (AP Photo/Mel Evans)

FILE - In this April 16, 2012 file photo, a 2011 1040 tax form along with other income tax forms are seen at the entrance of the Illinois Department of Revenue in Springfield, Ill. Ready or not, big changes lie ahead for virtually every U.S. taxpayer next year. Tax cuts put into place under the Bush administration that slashed rates on wages, dividends and capital gains are set to expire at the end of 2012. The Social Security payroll tax cut enacted this year also will end, as will the exemption of millions of middle-class families from the alternative minimum tax. (AP Photo/Seth Perlman)

Posted: 6/9/2012 12:20:45 AM EST

FILE - In this May 7, 2011 file photo, Lauryn Hill performs at the New Orleans Jazz and Heritage Festival in New Orleans. Federal prosecutors have charged five-time Grammy winner Lauryn Hill with willfully failing to file income tax returns with the IRS. Authorities say Hill earned more than $1.6 million during the three years that she failed to file returns. Prosecutors say her primary source of income is royalties from the recording and film industries. The 37-year-old South Orange, N.J., resident is scheduled to appear before a federal magistrate on June 29. (AP Photo/Patrick Semansky, file)

Posted: 6/7/2012 8:25:47 PM EST

FILE - This April 15, 2011 file photo shows singer Lauryn Hill performing during the 12th Coachella Valley Music and Arts Festival in Indio, Calif. Federal prosecutors have charged five-time Grammy winner Lauryn Hill with willfully failing to file income tax returns with the IRS. Authorities say Hill earned more than $1.6 million during the three years that she failed to file returns. Prosecutors say her primary source of income is royalties from the recording and film industries. The 37-year-old South Orange, N.J., resident is scheduled to appear before a federal magistrate on June 29. (AP Photo/Spencer Weiner, file)

U.S. President Barack Obama holds up a hoagie sandwich after he meets with small business owners to discuss income tax credits during a roundtable discussion in Taylor Gourmet restaurant in Washington, May 16, 2012. Second from left is Small Business Administration Administrator Karen Mills. REUTERS/Larry Downing

U.S. President Barack Obama talks with small business owners to discuss income tax credits during a roundtable discussion at Taylor Gourmet restaurant in Washington, May 16, 2012. (From L to R) David Mazza, Casey Patten, Obama, Kathy Rachels, and Small Business Administration Administrator Karen Mills (back to camera). REUTERS/Larry Downing